N.Y. Village Law § 5-510: Change in fiscal years

§ 5-510 Change in fiscal years. l. The board of trustees of any

village may, by resolution, adopt a fiscal year to commence on the first

day of August and end on the thirty-first day of July. If the board of

trustees shall so adopt a fiscal year commencing on the first day of

August as aforesaid, all of the provisions of this article and of the

real property tax law fixing times or dates within which or by which

certain acts shall be performed in relation to the preparation of the

assessment roll, the preparation of the budget and the levy and

collection of taxes and special assessments shall be correspondingly

changed so that the collection of taxes shall commence on the first day

of the fiscal year.

2. The board of trustees of a village which has elected, pursuant to

former section one hundred seventeen of the village law as enacted by

section fourteen of chapter eight hundred nine of the laws of nineteen

hundred fifty-four, to retain its fiscal year or which has adopted or

hereafter adopts, pursuant to this section, a fiscal year commencing on

the first day of August may, at any time determine, by resolution, to

change to a fiscal year commencing on the first day of June.

3. The board of trustees of a village which has enacted a local law as

provided in subdivision three of section fourteen hundred two of the

real property tax law may, by resolution, adopt a fiscal year to

coincide with the fiscal year of the town or towns or county within

which the village is located. If the board of trustees shall adopt such

a fiscal year, all of the provisions of this article and of the real

property tax law fixing times or dates within which or by which certain

acts shall be performed in relation to the preparation of the budget and

the levy and collection of taxes and special assessments shall be

correspondingly changed so that the collection of taxes shall commence

on the first day of the fiscal year.

4. A certified copy of a resolution adopting a new fiscal year shall

be filed within ten days in the office of the state department of audit

and control at Albany, New York.